Integrated Filing — IndAS

General information about company

Scrip Code	544362
NSE Symbol	HEXT
MSEI Symbol	NOTLISTED
ISIN	INE093A01041
Name of company	Hexaware Technologies Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-01-2026
Date of end of financial year	31-12-2026
Date of board meeting when results were approved	28-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	19-10-2026
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Type	Quarterly
Reporting Quarter	Third quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Unaudited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	28-10-2026 17:32:00
End date and time of board meeting	28-10-2026 19:46:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification	Not applicable

Financial Results Ind-AS

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-07-2026	01-01-2026
B	Date of end of reporting period	30-09-2026	30-09-2026
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
1	Income
	Revenue from operations	3,93,310.00	11,39,130.00
	Other income	14,940.00	12,100.00
	Total income	4,08,250.00	11,51,230.00
2	Expenses
(a)	Cost of materials consumed	0.00	0.00
(b)	Purchases of stock-in-trade	0.00	0.00
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0.00	0.00
(d)	Employee benefit expense	2,29,910.00	6,71,120.00
(e)	Finance costs	2,540.00	8,720.00
(f)	Depreciation, depletion and amortisation expense	8,710.00	25,950.00
(f)	Other Expenses
1	Other Expenses	1,06,780.00	2,93,780.00
	Total other expenses	1,06,780.00	2,93,780.00
	Total expenses	3,47,940.00	9,99,570.00
3	Total profit before exceptional items and tax	60,310.00	1,51,660.00
4	Exceptional items	(5,970.00)	(5,970.00)
5	Total profit before tax	54,340.00	1,45,690.00
6	Tax expense
7	Current tax	8,870.00	33,590.00
8	Deferred tax	2,530.00	980.00
9	Total tax expenses	11,400.00	34,570.00
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0.00	0.00
11	Net Profit Loss for the period from continuing operations	42,940.00	1,11,120.00
12	Profit (loss) from discontinued operations before tax	0.00	0.00
13	Tax expense of discontinued operations	0.00	0.00
14	Net profit (loss) from discontinued operation after tax	0.00	0.00
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0.00	0.00
16	Total profit (loss) for period	42,940.00	1,11,120.00
17	Other comprehensive income net of taxes	6,690.00	26,110.00
18	Total Comprehensive Income for the period	49,630.00	1,37,230.00
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	43,090.00	1,11,240.00
	Total profit or loss, attributable to non-controlling interests	(150.00)	(120.00)
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	49,780.00	1,37,360.00
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	(150.00)	(130.00)
21	Details of equity share capital
	Paid-up equity share capital	6,100.00	6,100.00
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	7.06	18.25
	Diluted earnings (loss) per share from continuing operations	7.01	18.11
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	7.06	18.25
	Diluted earnings (loss) per share from continuing and discontinued operations	7.01	18.11
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Textual Information(1)

Disclosure of notes on financial results

Textual Information(1)	The consolidated interim financial results of Hexaware Technologies Limited for quarter and six months ended Jun 30, 2026 are unaudited and have been subjected to limited review by statutory auditors. However, consolidated financial results for previous periods including quarter ended Mar 31, 2026, quarter and six months ended Jun 30, 2025 and year ended Dec 31, 2025 have been subject to audit. These results have been reviewed by the Audit Committee on Jul 28, 2026 and have been approved for issue by the Board of Directors at its meeting held on Jul 29, 2026. Group recognised gain on remeasurement of contingent consideration payable towards acquisition of business amounting to INR 264 million in six months ended Jun 30, 2026 based on payment of first earnout. Group has recognised gain on remeasurement of contingent consideration payable towards acquisition of business amounting to INR 1,587 million for quarter and six months ended Jun 30, 2025 and INR 3,820 million for year ended Dec 31, 2025, based on a settlement agreement and expected payout re-assessed based on actual performance for applicable period of business acquired. Group has also re-assessed carrying value of customer relations recognised on the related acquisition and has provided for impairment loss of INR 394 million for quarter and six months ended Jun 30, 2025 and INR 1,473 million for year ended Dec 31, 2025. Impairment loss considers value of customer relations derived using discount rate of 14.2%, best estimate of forecasted revenues, cashflows from acquired business and underlying customer relations. On May 28, 2026, Hexaware Technologies UK Limited completed acquisition of 100% ownership in Consulting Professionals Services Holdings Limited together with its wholly owned subsidiary Consulting Professionals Services Limited for upfront payment of GBP 6 million and additional contingent consideration of upto GBP 5 million payable upon meeting future financial performance. Group has attributed acquisition value of GBP 11 million towards fair value of acquired customer contract. Allocation of the purchase consideration is final. Transaction cost of INR 47 million has been included in the statement of profit and loss account and shown as one time expense for quarter and six months ended Jun 30, 2026. During year ended Dec 31, 2025, Group received notice from Natsoft Corporation and Updraft LLC (“Plaintiff”), for alleged infringement of certain patents and breach of contract by Company and its material subsidiary “Hexaware Technologies Inc”. Plaintiff has claimed USD 500 million. Group had filed motion to dismiss the claim filed by Natsoft Corporation and Updraft LLC in United States District Court. During quarter, United States District Court for Northern District of Illinois has dismissed the federal patent-related infringement claims by Natsoft. Court concurred that they relate to abstract subject matter. As a result, the principal claims stand dismissed. Consequent to dismissal, Court has also declined to exercise jurisdiction over the related state law claims (including contractual and business claims), resulting in their dismissal without substantive adjudication at this stage. Court has granted the plaintiffs an opportunity to file an amended complaint within the prescribed timeline. Based on assessment, Group believes that complaint is without any merit and is unlikely to result in an adverse order and, accordingly, does not expect same to have any material financial impact on Group. For other notes, refer results submitted as part of Integral filing/Outcome of meeting.

Textual Information(1)

The consolidated interim financial results of Hexaware Technologies Limited for quarter and six months ended Jun 30, 2026 are unaudited and have been subjected to limited review by statutory auditors. However, consolidated financial results for previous periods including quarter ended Mar 31, 2026, quarter and six months ended Jun 30, 2025 and year ended Dec 31, 2025 have been subject to audit. These results have been reviewed by the Audit Committee on Jul 28, 2026 and have been approved for issue by the Board of Directors at its meeting held on Jul 29, 2026. Group recognised gain on remeasurement of contingent consideration payable towards acquisition of business amounting to INR 264 million in six months ended Jun 30, 2026 based on payment of first earnout. Group has recognised gain on remeasurement of contingent consideration payable towards acquisition of business amounting to INR 1,587 million for quarter and six months ended Jun 30, 2025 and INR 3,820 million for year ended Dec 31, 2025, based on a settlement agreement and expected payout re-assessed based on actual performance for applicable period of business acquired. Group has also re-assessed carrying value of customer relations recognised on the related acquisition and has provided for impairment loss of INR 394 million for quarter and six months ended Jun 30, 2025 and INR 1,473 million for year ended Dec 31, 2025. Impairment loss considers value of customer relations derived using discount rate of 14.2%, best estimate of forecasted revenues, cashflows from acquired business and underlying customer relations. On May 28, 2026, Hexaware Technologies UK Limited completed acquisition of 100% ownership in Consulting Professionals Services Holdings Limited together with its wholly owned subsidiary Consulting Professionals Services Limited for upfront payment of GBP 6 million and additional contingent consideration of upto GBP 5 million payable upon meeting future financial performance. Group has attributed acquisition value of GBP 11 million towards fair value of acquired customer contract. Allocation of the purchase consideration is final. Transaction cost of INR 47 million has been included in the statement of profit and loss account and shown as one time expense for quarter and six months ended Jun 30, 2026. During year ended Dec 31, 2025, Group received notice from Natsoft Corporation and Updraft LLC (“Plaintiff”), for alleged infringement of certain patents and breach of contract by Company and its material subsidiary “Hexaware Technologies Inc”. Plaintiff has claimed USD 500 million. Group had filed motion to dismiss the claim filed by Natsoft Corporation and Updraft LLC in United States District Court. During quarter, United States District Court for Northern District of Illinois has dismissed the federal patent-related infringement claims by Natsoft. Court concurred that they relate to abstract subject matter. As a result, the principal claims stand dismissed. Consequent to dismissal, Court has also declined to exercise jurisdiction over the related state law claims (including contractual and business claims), resulting in their dismissal without substantive adjudication at this stage. Court has granted the plaintiffs an opportunity to file an amended complaint within the prescribed timeline. Based on assessment, Group believes that complaint is without any merit and is unlikely to result in an adverse order and, accordingly, does not expect same to have any material financial impact on Group. For other notes, refer results submitted as part of Integral filing/Outcome of meeting.

Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-07-2026	01-01-2026
Date of end of reporting period		30-09-2026	30-09-2026
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Travel and Transportation (T&T)	27,030.00	82,510.00
2	Financial Services (FS)	1,14,410.00	3,31,520.00
3	Banking	37,200.00	1,04,520.00
4	Healthcare & Insurance (H&I)	89,220.00	2,60,080.00
5	Technology, Products and Platforms (TPP)	8,800.00	25,260.00
6	Professional Services (PS)	53,660.00	1,52,670.00
7	Manufacturing and Consumer (M & C)	62,990.00	1,82,570.00
	Total Segment Revenue	3,93,310.00	11,39,130.00
	Less: Inter segment revenue	0.00	0.00
	Revenue from operations	3,93,310.00	11,39,130.00
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Travel and Transportation (T&T)	11,940.00	36,600.00
2	Financial Services (FS)	34,090.00	1,02,450.00
3	Banking	16,110.00	44,160.00
4	Healthcare & Insurance (H&I)	32,850.00	94,580.00
5	Technology, Products and Platforms (TPP)	3,060.00	9,120.00
6	Professional Services (PS)	20,380.00	59,400.00
7	Manufacturing and Consumer (M & C)	22,150.00	67,060.00
	Total Profit before tax	1,40,580.00	4,13,370.00
	i. Finance cost	2,540.00	8,720.00
	ii. Other Unallocable Expenditure net off Unallocable income	83,700.00	2,58,960.00
	Profit before tax	54,340.00	1,45,690.00
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Travel and Transportation (T&T)	0.00	0.00
2	Financial Services (FS)	0.00	0.00
3	Banking	0.00	0.00
4	Healthcare & Insurance (H&I)	0.00	0.00
5	Technology, Products and Platforms (TPP)	0.00	0.00
6	Professional Services (PS)	0.00	0.00
7	Manufacturing and Consumer (M & C)	0.00	0.00
	Total Segment Asset	0.00	0.00
	Un-allocable Assets	0.00	0.00
	Net Segment Asset	0.00	0.00
4	Segment Liabilities
	Segment Liabilities
1	Travel and Transportation (T&T)	0.00	0.00
2	Financial Services (FS)	0.00	0.00
3	Banking	0.00	0.00
4	Healthcare & Insurance (H&I)	0.00	0.00
5	Technology, Products and Platforms (TPP)	0.00	0.00
6	Professional Services (PS)	0.00	0.00
7	Manufacturing and Consumer (M & C)	0.00	0.00
	Total Segment Liabilities	0.00	0.00
	Un-allocable Liabilities	0.00	0.00
	Net Segment Liabilities	0.00	0.00
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)	The reportable operating segments have been identified taking into account services offered to customers globally operating in different industry segments based on management approach. CODM evaluates Group's performance and allocates resources based on analysis of various performance indicators. Group's organization structure reflects the industry segmentation.

Other Comprehensive Income

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-07-2026	01-01-2026
B	Date of end of reporting period	30-09-2026	30-09-2026
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of defined benefit plan	970.00	3,170.00
	Total Amount of items that will not be reclassified to profit and loss	970.00	3,170.00
2	Income tax relating to items that will not be reclassified to profit or loss	180.00	650.00
3	Amount of items that will be reclassified to profit and loss
1	Exchange differences on translating the financial statements of foreign operations	4,930.00	27,360.00
2	Net change in fair value of cash flow hedges	1,220.00	(4,520.00)
	Total Amount of items that will be reclassified to profit and loss	6,150.00	22,840.00
4	Income tax relating to items that will be reclassified to profit or loss	250.00	(750.00)
5	Total Other comprehensive income	6,690.00	26,110.00